https://www.taxtmi.com/caselaws?id=34334 The High Court admitted the appeal only in relation to the second question concerning the deduction under section 80-I of the Income-tax Act, 1961. The judgment provided a detailed analysis on the first issue regarding the allowability of the amount written off as bad debts for construction of jetty and platform as a trading loss, emphasizing the direct nexus between the loss and the business operations. The decision highlighted the principle that such losses, being inherent risks of business, are deductible. The case was scheduled for final hearing after three months, with a direction to file the paper book within the specified timeline. en-us Thu, 13 Jul 2006 00:00:00 +0530 Tue, 18 Aug 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34334 The High Court admitted the appeal only in relation to the second question concerning the deduction under section 80-I of the Income-tax Act, 1961. The judgment provided a detailed analysis on the first issue regarding the allowability of the amount written off as bad debts for construction of jetty and platform as a trading loss, emphasizing the direct nexus between the loss and the business operations. The decision highlighted the principle that such losses, being inherent risks of business, are deductible. The case was scheduled for final hearing after three months, with a direction to file the paper book within the specified timeline. Case-Laws Income Tax Thu, 13 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34334